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Posts Tagged ‘VW CEO Martin Winterkorn’

Former VW CEO Winterkorn Indicted in Diesel Emissions Case

Indictment comes in U.S. District Court in Detroit.

by on May.03, 2018

Former VW CEO Martin Winterkorn resigned after claiming to have no knowledge of the diesel cheat devices.

Martin Winterkorn, the former CEO of Volkswagen AG, was charged in U.S. District Court in Detroit today, for conspiring to defraud the United States and violating the Clean Air Act, for his role in the automaker’s efforts to cheat on diesel emissions standards.

VW officials did not comment on the indictment, which was filed in secret in March and unsealed today. Several executives were named in the indictment. Winterkorn, the highest-ranking executive charged, was cited for trying to mislead regulators about the cheating.

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When the scandal broke in 2015, then-CEO Winterkorn denied having knowledge of the efforts by VW engineers to use a device and software to pass emissions inspections.  (more…)

VW Aims to Take Lead in Automotive Technology

Maker bills itself an “innovation think tank,” says R&D budget hit €11.5 billion in 2014.

by on Mar.03, 2015

VW CEO Martin Winterkorn wants the maker to be more than the sales leader worldwide. He wants it to the technological leader too.

Already aiming to take the lead in global sales, Volkswagen AG also wants to be the industry’s technology leader, CEO Martin Winterkorn declared during a Geneva Motor Show news conference, and he says the company is ready to back that up with hard cash.

VW invested €11.5 billion, or nearly $13 billion in its “Future Tracks” program last year, a pace of research and development that it apparently has no plans to slow down. The maker is offering up a number of examples of where that money went this week during a series of product debuts at the annual Geneva show from each of its more than a dozen different brands.

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“Volkswagen is an innovation think tank,” proclaimed Winterkorn during a Monday night news conference ahead of the opening of the Geneva show. “We develop technologies that point the way well into the future.” (more…)